Georgeanne Has Been Employed by SEC Corporation for the Last

Essay

Georgeanne has been employed by SEC Corporation for the last two and a half years. Georgeanne participates in SECs 401(k)plan. During her employment, Georgeanne has contributed $6,000 to her 401(k)account. SEC has contributed $3,000 to Georgeanne's 401(k)account (it matched 50 cents of every dollar contributed). SEC uses a three-year cliff vesting schedule. If Georgeanne were to quit her job with SEC, what would be her vested benefit in her 401(k)account (assume the account balance is $9,000)?